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Can a New Construction Sale be Used as a Comp for an Older Home?

Birmingham Appraisal

A Different Market I think we can all agree that the real estate market we are currently in, as of the writing of this post, is not the same one we were in from 2020 to 2022. They wanted to know if it was okay to use a new construction sale as a comp for an older home. The market dynamics have changed namely interest rates.

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Can New Construction Sales be Used in an Appraisal of an Older Home?

Birmingham Appraisal

A Different Market I think we can all agree that the real estate market we are currently in, as of the writing of this post, is not the same one we were in from 2020 to 2022. They wanted to know if it was okay to use new construction sales in an appraisal of an older home. The market dynamics have changed namely interest rates.

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Existing home sales dip downwards for fourth month

Housing Wire

million, the National Association of Realtors reported on Tuesday. from May 2020 ($283,500). months in May 2020. According to the NAR, properties typically remained on the market for 17 days in May, unchanged from April and down from 26 days in May 2020. 9% from April to 5.8 The region rose 1.6% increase from a year ago.

Inventory 410
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Lamacchia Realty Announces Top Producing REALTORS® for February 2023

Lamacchia Realty

has released its “Top Producing REALTORS®,” for February 2023! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Horton’s VIP Realtor distinction, placing him in the top 5% of REALTORS® in Broward County.

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A look behind this year’s Tech100 winners

Housing Wire

million investment in eOriginal, a multi-year Tech100 winner that developed a ‘simple closing experience for lenders, borrowers and settlement agents.’ Later in 2020, eOriginal was acquired by Wolters Kluwer for $280 million in cash and continues to operate within the Wolters Kluwer Governance, Risk & Compliance business.

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Lamacchia Realty’s Chelmsford Office Achieved 210% Growth in 2021

Lamacchia Realty

The Chelmsford office went from 67 sales in 2020 to 208 sales in 2021 (per MLSPIN 1/1/20 – 12/31/20 vs. 1/1/21 – 12/31/21). While the housing market in 2021 had its challenges, our Chelmsford area REALTORS® proved they are here to stay! Vice President of Business Development. Jackie Louh. Lamacchia Realty’s? training ,?

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Dearth of new construction strains migration hotspot of Alabama

Housing Wire

We are very bullish on Alabama and its long-term prospects,” Jeremy Walker, CEO of the Alabama Realtors Association , said. “We Although this is up from 9,962 active listings one year earlier, it is still below the 13,442 listings recorded in early February 2020, just prior to the onset of the COVID-19 pandemic. As of Feb.